Brief: CPI Property Group announces the signing of nearly EUR 500 Mln of new secured bank loans

Cpi Property SA

26/06/2023 09:51

June 26 (Reuters) - CPI PROPERTY GROUP SA  O5G.DE :
    * ANNOUNCES THE SIGNING OF NEARLY EUR 500 MLN OF NEW SECURED
BANK
LOANS
    * IN POLAND, OUR SUBSIDIARY CPI FIM SA SIGNED A EUR 288
MILLION
LOAN ENCOMPASSING THREE OFFICE PROPERTIES IN WARSAW
    * THE LOAN HAS A 5-YEAR TERM AND WAS PROVIDED BY AAREAL BANK
    * IN THE CZECH REPUBLIC, A SUBSIDIARY OF CPI FIM SA SIGNED A
EUR
58 MILLION 4-YEAR FACILITY WITH RAIFFEISEN RELATED TO CZECH
RESIDENTIAL ASSETS
    * GROUP ALSO COMPLETED AN EUR 85 MILLION 7-YEAR FACILITY
WITH CSOB
RELATED TO RETAIL AND LOGISTICS ASSETS, PLUS A EUR 5 MILLION
FACILITY (ALSO WITH CSOB) FOR A SOLAR ENERGY GENERATION PROJECT
    * IN SLOVAKIA, OUR SUBSIDIARY IMMOFINANZ AG COMPLETED A NEW
EUR 58
MILLION 3.5-YEAR LOAN RELATED TO RETAIL PARK ASSETS. THE LOAN
WAS PROVIDED BY RAIFFEISEN

     
 Further company coverage:  O5G.DE  

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